Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$330,830$332,999
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,654$0
Note rate6.880%7.320%
Blended rate6.880%7.560%
1st payment$2,233.38$2,287.47
2nd payment$0.00$0.00
Taxes / mo$308.33$308.33
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$33.33$33.33
Total monthly$2,725.04$2,845.74
Cash to close$39,169$37,000